Russia-Brazil trade turnover reaches $10.5 billion
Quick Look
- Russian Ambassador to Brazil Alexey Labetsky announced that trade turnover between Russia and Brazil has reached $10.5 billion, making Brazil Russia's main trading partner in Latin America.
- The trade is primarily based on Russian fertilizers and diesel fuel, and Brazilian agricultural products like meat.
AI-generated summary
Why It Matters
Trade turnover between Russia and Brazil has reached $10.5 billion, with Brazil being Russia's main trading partner in Latin America. The trade is primarily based on Russian fertilizers and diesel fuel, and Brazilian agricultural products like meat.
BRASILIA, May 25. /TASS/. Trade turnover between Russia and Brazil currently stands at $10.5 bln, Russian Ambassador to Brazil Alexey Labetsky told reporters.
"Brazil is our main international trading partner in Latin America. We’ve reached over $10 bln. <…> Last year [trade turnover] was $10.5 bln, according to Brazilian statistics. And that’s a respectable trade turnover," he said on the sidelines of the 13th plenary session of the Russian-Brazilian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation chaired by Russian Economic Development Minister Maxim Reshetnikov.
The basis of trade is the supply of all types of Russian fertilizers and diesel fuel, the diplomat said. "We deliver about 30% of what the Brazilian agricultural industry needs. And secondly, we are now one of the main suppliers of diesel fuel. As for Brazilian supplies, well, first of all, those are supplies of agricultural products, meat," he said.
Open Questions
- What specific agricultural products does Brazil supply to Russia?
- What is the breakdown of the $10.5 billion trade turnover by product category?
- What are the future projections for Russia-Brazil trade?
- What specific types of fertilizers does Russia supply to Brazil?
